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LAP GreenN Regrets ZAMTEL Takeover ” PF Government has not given us an opportunity to meet and discuss the matter”
LAP Green Network says it is deeply worried by the move by the Zambian Government to formally reverse the sale of Zamtel, which it 75% owned.
LAP Green in an electronic statement released to QFM says of its primary concern now is for the talented workforce at Zamtel, and for the one million subscribers who rely on Zamtel services to conduct their businesses and speak to their families and friends.
The statement says over the last few weeks, they have made numerous attempts to find an amicable solution that satisfies all the parties involved and secures the best possible outcome for Zamtel employees and subscribers.
They expresses regret that the Zambian Government has not given them an opportunity to meet and discuss the matter.
They point out that under LAP Green’s ownership, Zamtel has moved from a state of near insolvency to become a national success story.
They add that as well as growing Zamtel’s subscriber base by over 600% in just over 18 months, they have created 1,700 jobs in Zambia.
LAP Green has further restated that it categorically rejects any allegations of wrong-doing during the acquisition of its 75% stake in Zamtel.
They maintain that the acquisition was made through an open, transparent and competitive bidding process, overseen by well-respected international professional organisations and in strict adherence to Zambia’s established legal framework.
LAP Green however says it hopes the situation can still be amicably resolved, and welcome an opportunity to work with the Zambian Government to achieve this.
President Michael Sata yesterday announced Government’s formal takeover of LAP Green’s 75% stake in Zamtel and consequently dissolved the board of directors.
Posted by
Umutokofyompo
January 25, 2012 at 4:35 pm
The move by the government is economically wrong but politically right in that zamtel is a sensitive institution which is supposed to be controlled by th government for security reasons…al in al its a gud move!
No DOGS on PARADE
January 25, 2012 at 4:53 pm
Well, its a pitty that LAP GreenN has now realised that there was need to discuss this. They should have said this dialogue suggestion earlier on than threaten that they will fight to the bitter end. This is a Sovereign state and not their home country where they can issue threats. Anyway, farewwell to them, no heart feelings for this once stubborn and disillusioned investor!
MUNYELO PWETE!
January 25, 2012 at 4:54 pm
THE CEO AND LAPGREEN CHAIRMAN SOUNDED VERY SACARSTIC LAST WEEK! IAM SHOCKED TODAY THESE CHAPS SOUNDS VERY HUMBLE! THE VENOM OF THE COBRA HAS FINALLY TAKEN EFFECT IN THEIR FIBRES! HARD LUCK BUT ZAMTEL BELONGS TO ME AS A BONAFIDE ZAMBIAN!
Dodola
January 25, 2012 at 5:00 pm
we told them that when we come to power we are going to reverse the deal. BRAVO BA KATEKA BA SATA
wizard
January 25, 2012 at 5:01 pm
Now lets see what follows in this bad ending movie and I believe the Zambian pipo being the starrings will die!
Seng'a
January 25, 2012 at 5:01 pm
PF govt at work……. Enormal!!!!!
janet c
January 25, 2012 at 6:16 pm
Bravo – these dodgy foreign investors will never, ever take zambia and its ppl for granted. Let this be a lesson to all foreign investors who think they can just come and bribe (cheaply) African politicians. This is the dawn of a new era as far as FDI into the continent is concerned
pam
January 25, 2012 at 6:25 pm
Lapgreen guys you were so arrogant, you used to make careless and very bad pronouncements, as if we Zambians were stupd. Kunda and Musokotwene made you so pompus. If RB and Dora cheated tepano.
bomu95
January 25, 2012 at 6:43 pm
i feel bad at last but ukwali insoke takwafile muntu, sorry baba
commando
January 25, 2012 at 6:44 pm
We can kill you to death ba Lap green. How dare, you even opened your mouths to say we will fight for ownership! We had only one misile to destroy 5000,000 pipo at a time. So watch out. NO MORE communication since we are not friends ba nsanya imwe. You are about 6000000 which is double our population but you got 70% of our property through dubious means! Infact we have to find out what you have used so far.
mbaya mbaya
January 25, 2012 at 6:54 pm
1. Zamtel sale was smelly. Cn be seen in Dora’s excitement after the sale.
2. Zamtel is a custodian of all security wire concerns thru mwembeshi satelites. Leavin it in foreign hands is suicidal to the nation.
3. Zamtel management became too pompous thnkn they were above zambians.
4. They’v lost zamtel to the zambian and they will loose the afcon game to zambians today.
commando
January 25, 2012 at 7:00 pm
@Mbaya Mbaya iyo eboom walasa. Batumfweko, you should put LIKE n DISLIKE so that we like sweet comments and dislike useless ones.
Westainer mubambe
January 25, 2012 at 7:20 pm
we tod u nt 2 trst dora’s deals.anyway i fl sory.go nd get yo mney frm liato wh hv managd 2 bary som
pamusula palalangauka
January 25, 2012 at 9:31 pm
the reposetion of zamtel is a good move by govt.here in chambishi,the idiots closed our zamtel office firing all the workers. the result was if report a fault it takes over 6months for it to be attended to. believe me iam happy for this move by pf govt. the ***** dora should hav her p***y nailed for selling us.
Chief justice
January 25, 2012 at 9:32 pm
I tod u dat vey soon it be bak for zambians. Ther is no country wer they risk their security & put it in foren hands. Security of a country out weighs economic benefits. Good mov & congratlations 2 chipolopolo guy 4 gr8t pefomance.
chakaka
January 25, 2012 at 11:10 pm
Dora Bokosi, why has yo big mouth gone quite. Next Dora will lose parliament sit and begin to appear in court. Prisoners are waiting to touch yo bums.
walsileng
January 25, 2012 at 11:40 pm
lap green!lap green!lap green,lap green how many time hav I called u ala wen someone tels something sensitive muleumfwa the problem is that u intrusted yoself in the so called dora ruphia kunda see now were u ve landed yoself into.bravo pf teach them a leson.
maswabi
January 26, 2012 at 12:40 am
chansoni sana. Mwe bantu some zambian middle manager’s salary was US$14,000, plus US$3,000 housing allowance per month.what of the bosses ? Ki maswabi luli – shemuna bane
Boss B
January 26, 2012 at 2:15 am
Shame to dola silly.
Ba serenje
January 26, 2012 at 6:16 am
Wonderfull,fantastic, sugalistic, oh! Cocacolalistic, mamamama..,fyompalistic…! We told you baice. Ifyakulya ubushiku…nomba wmalusa. Long live Zambia. May God bless Zambia and Sata
Martin Mbewe
January 26, 2012 at 9:25 am
2300 workers before the sale of zamtel against 750 on contracts? a joke the rest are casual workers no permanent jobs. BRAVO PF AND SATA.
Treva
January 26, 2012 at 10:38 am
A step in the right direction. MCS is the only surving siblin in his family and when he told the crowd that God has presserved him for a purpose, it makes sense. Zambia has been liberated and suprisingly, Mr HH and his UPND refused to comment or wellcome the reversal when the media sought him and his party for a comment. But it comes as no suprise to many Zambians coz he has decided to turn himself into a Lifwekelo or is it Chifire for the sake of maintaining UPND/MMD PACT.
Nikomokile
January 26, 2012 at 12:41 pm
Zam tell it silly to pay US$3.0 in possible litigation fees. That’s more or less the total country’s reserves @ the moment. Kifoooo aluboneni ndate?